What is Running Account Authorization (RAA)?

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• When client can give Running Account Authorization (RAA)?

  Client can give RAA at the time of account opening or after the account gets opened.

• How to update Running Account Authorization (RAA) after opening an account with IIFL?

  You need to submit the self attested Running Account Authorization form. Click here to download the form       Submit the form at the below mentioned address:       IIFL House, Sun Infotech Park,       Road No. 16V, Plot No. B-23,       MIDC, Thane ...

• What is the validity of Running Account Authorization (RAA)?

  RAA given by you would continue to be valid until it is revoked by you

• Does the regulator require the Running Account Authorization (RAA) to be updated?

  No. Updation of RAA is not a mandatory requirement. You have an option of not updating RAA. In that case auto payout will be done in your account as soon as you are having credit in your account. 

• Can client choose/change the Running account authority online?

  Client can activate Running Account Authorization through Mobile App or TTweb For Mobile App-> Step 1: Click on the Hamburger Menu and then your client code Step 2: Click on view/edit details Step 3: Visit My Account> Profile > My Details Step 4: ...